Question: I am taking out a cash out refi on my condo that I had originally paid in all cash. I've read that the interest from the cash out refi mortgage is NOT tax deductible UNLESS it is used for improvements for th...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2060686/small_1680805081-avatar-zacheryh11.jpg?twic=v1/output=image&v=2)
Hey I hope everyone is good! I am very curious to see if anyone out there can help me access some equity in my duplex. This is my first time doing it and these are the issues I have ran into so far, if anyone has any ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2468101/small_1670954700-avatar-christophery60.jpg?twic=v1/output=image&v=2)
Long story short my mother has worked as a hair dresser for 36 yrs and its time to retire. Social security is a joke but we have one card to play. Based in NY her primary residence of 40 years has appreciated exponent...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2025123/small_1643683359-avatar-jeremyh313.jpg?twic=v1/output=image&v=2)
Hope all is well everyone's way - I'm reaching out to see if there are any awesome real estate specialized CPAs that you all like? Ideally in the area - I like to know who I'm dealing with this early in the game, down...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2118787/small_1647784036-avatar-matthewg472.jpg?twic=v1/output=image&v=2)
Hello BP, I'm looking to find and purchase my first multifamily. Still in the market looking I currently have 3 single family homes. Tomorrow I'm meeting a realtor to show me a few quadplexs. What are some good questi...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/309261/small_1621443333-avatar-marvinr.jpg?twic=v1/output=image&v=2)
Hey guys,
I have a two part question
1. Is passive income not taxed because it isn't earned income??? Or why is it tax free?
2. If you have a rental that is producing passive income. And you sell it, do you owe tax...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2109720/small_1695439513-avatar-chrrisl.jpg?twic=v1/output=image&v=2)
Hi All!
I recently jumped on the SFR train and have since acquired my first rental and looking at a second rental. This rental happens to be located in Spring, TX East of I-45 near The Woodlands, TX. I have provided ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/509005/small_1694564312-avatar-peterm52.jpg?twic=v1/output=image&v=2)
Looking at a place in Syracuse New York, and when I look up the taxes, they show a discount from the STAR program. Trying to figure out how to compute the real taxes that I would be paying. The only contact info liste...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2511569/small_1659559713-avatar-trippw7.jpg?twic=v1/output=image&v=2)
Hi all,I'm new to investing. I'm currently searching and working several deals. The one that intrigues me is a mobile home in a park. I get that it scares off a lot of investors but I look at it like a Condo or Townho...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1821999/small_1694620044-avatar-parrist1.jpg?twic=v1/output=image&v=2)
Hi All! I've been gearing up to start my property search (~6 months out) and I wanted to know how far in advance (or not?) should I consider reaching out to a tax professional to build out an LLC? It's a pretty expens...